Financial Operations Principal

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Alpaca

WebsiteLinkedInAll Job Openings

201 - 500 employees

🔌 API

💳 Fintech

₿ Crypto

API • Fintech • Crypto

Alpaca is a fintech company that provides a comprehensive brokerage and trading platform through a suite of APIs. These APIs enable developers and businesses to integrate algorithmic trading, app development, and embedded investing into their services. Alpaca offers services like trading in US stocks, ETFs, and cryptocurrency with options for local currency transactions. The company is recognized for its cyber security practices and is a member of FINRA and SIPC. Alpaca is ideal for fintech startups, broker-dealers, hedge funds, and other financial services looking to build sophisticated trading applications and platforms with minimal friction through their well-documented Broker API.

📋 Description

• Supervise and review and file FOCUS reports (Form X-17A-5) with FINRA and the SEC, typically monthly or quarterly. • Monitor net capital levels to ensure the firm maintains the required minimum net capital at all times. • Ensure timely filing of financial statements and supplemental reports, including annual audited financials. • Oversee financial books and records, including general ledger, trial balance, and subsidiary ledgers. • Interpret and apply SEC and FINRA rules, particularly SEC Rule 15c3-1 (Net Capital Rule) and 15c3-3 (Customer Protection). • Ensure compliance with Rule 17a-3 and 17a-4 (recordkeeping requirements). • Respond to regulatory inquiries and exams by FINRA, SEC, or other regulatory bodies. • Design and maintain adequate internal controls to safeguard customer and firm assets. • Supervise systems to prevent and detect errors or fraud in financial reporting. • Oversee clearing and settlement processes, especially for self-clearing or carrying firms. • Monitor cash and securities movements to ensure compliance with custody rules. • Coordinate the annual independent audit of the firm’s financials. • Advise management on capital adequacy, financing strategies, and the financial impact of new business initiatives.

🎯 Requirements

• Bachelor’s degree in Accounting or Finance, CPA preferred. • Must have active FINRA Series 27 license • 7+ years relevant experience, in self-clearing financial services preferred • Excellent data analysis and reporting skills • Strong attention to detail, accuracy, and reliability with the ability to thrive in a fast-paced environment and dedicated home office with minimal daily direction • Must possess the ability to adapt to a changing business and regulatory environment • Team orientated with desire to help and support other team members • Enjoys challenges and taking ownership of new responsibilities

🏖️ Benefits

• Competitive Salary & Stock Options • Health Benefits • New Hire Home-Office Setup: One-time USD $500 • Monthly Stipend: USD $150 per month via a Brex Card